Energy & Environment

The Competition Council authorized the transaction by which the company Gaspeco L&D SA took over Panebo Gaz SRL.
Gaspeco L&D SA carries out sales operations of LPG on the following activity segments: charging and LPG distribution in cylinders, bulk LPG distribution, LPG Auto distribution, wholesale LPG marketing.
The activity of Panebo Gaz SRL consists in the acquisition, charging and distribution of LPG through its own ...

The minister of economy Virgil Popescu restates his opinion according to which the extension of the nuclear power station in Cernavoda should be done together with companies from NATO or EU member countries, saying that Nuclearelectrica does not have the capacity to build a nuclear reactor, on its own, having in mind the idea that the state has a policy which includes the non –collection of dividends from the company, as it happened last ...

A European green deal and a European climate law will be part of Romania's to do list moving forward, and achieving new goals of the European Union, as established under this package of measures, entails major changes for Romania that deals with the environment, climate change, energy, industry, transport, agriculture, digitisation and the financial sector, Romanian senior official with the Ministry of the Environment, Water and Forestry Iulian Octavian Stana said in Brussels ...

This article is part of euractiv.com special report Raw materials in the EU economy.
Cristian Busoi, the chair of the European Parliament’s industry and energy committee, says MEPs are eager for a far-reaching strategy from the European Commission.
Thierry Breton, the European ...

The Supervisory Board of the Oltenia Energy Complex decided to replace the director general of the company, Sorin Boza, due to the prejudice brought to the company and the fact that he was selected illegally, the Minister of Economy, Energy and the Business Environment, Virgil Popescu said on Tuesday."Yesterday [e.n. - Monday] there was a rather long meeting of the Supervisory Board [CS] of the Oltenia Energy Complex that took all day, and there was a discussion ...

The estimated average selling price of CE Oltenia was higher, in 2019, than the weighted average of bilateral contracts calculated by OPCOM for the entire market. However, the price obtained by the coal-based producer did not fully cover the cost of production including the price of CO2 certificates. That is why, after the over 1 billion lei loss in 2018, CE Oltenia expects “certain losses” in 2019, as well.
The financial result for 2019 ...

Companies active in the production of electricity from renewable sources in Romania have submitted new projects amounting to several billion euros and with a total installed capacity in excess of 1,000 MW to be financed from the European Union’s budget under the so-called “10 d” mechanism - the Modernization Fund.
Germany’s WDP has proposed the largest number of big projects, mostly wind farms combined with co-generation plants ...

Romania risk losing 40% of its power generation capacity as a result of the European Union’s decarbonisation program Green Deal and “solutions to substitute this loss are urgently needed”, Romania’s prime minister Ludovic Orban stated in a discussion with representatives of the business ...

Romania imported 7.17 millions toe of crude oil in the first ten months of 2019, by 167,700 toe (2.4 per cent) more than the quantity imported in the same period of 2018, according to data centralized by the National Institute of Statistics (INS).The total crude oil production totalled 2.778 million toe, by 1.2 per cent (33,500 toe) less than in the previous year.According to the Energy Strategy draft published on the Website of the Ministry of Energy, ...

Transelectrica reduced its electricity transmission tariffs by 1.96pct as of January 16, 2020, as a result of a cut in the contribution paid to the National Energy Regulatory Authority (ANRE) from 2pct to 0.2pct of the business turnover, according to a report submitted on last Friday to the Bucharest Stock Exchange (BVB)."Transelectrica SA National Electricity Transmission Company informs the investing public about the publication in the Official Journal 28 / ...

Romania will be the third-largest recipient of European funds under the European Union’s program aimed at facilitating the transition to green industrial systems, a document quoted by Euractiv.com shows.
The European Commission has allocated EUR 7.5 billion to the Fair Transition Fund (JTF), which is intended to provide assistance ...

The Romanian state wants to re-open the case against kazakh-owned local company Rompetrol Rafinare - the owner of the largest oil refinery in Romania - Petromidia.
The case was closed by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) last December due to lack of grounds for indictment.
The Authority for State Asset Management (AAAS) has challenged the closing of the Rompetrol file by DIICOT, according ...

The National Energy Regulatory Authority (ANRE) reduced electricity distribution and transportation tariffs with weights between 1.7% and 1.9%, starting with January 15, 2020, after eliminating the 2% contribution from the figure of businesses that the energy companies paid to the authority’s budget.
Thus, according to some projects of order, the transport tariff will be reduced by 1.9%, up to 17.97 lei per MWh, according to ...

OMV Petrom has announced that it has reached an agreement for the transfer of 40 onshore oil and gas fields in Romania to Dacian Petroleum, as part of a business transfer arrangement.
”The transfer of rights and obligations under the concession agreements is subject to approval by the relevant authorities, pursuant to the Petroleum Law. The transfer is part of the portfolio optimization program within the Upstream Division of OMV Petrom, ...

Enel and its Spanish subsidiary Endesa are among the 325 companies praised by Bloomberg for their commitment and transparency with regards to gender inclusion
Enel was also included for the first time in the Corporate Knights Global 100 Most Sustainable Corporations in the World ranking, reaching the 8th position
Enel has been included for the first time in the ...

The energy regulator (ANRE) has decided to decrease the rate of return on capital (RRR) for gas suppliers in the regulated area, for gas distribution, for the period 1 May-30 June 2020, to 5.66%, it is shown in a draft order posted on the institution’s website.
Thus, the old rate of return, of 6.9%, repealed from May 1, remains valid until April 30, for the period January 1-April 30, while later, until June 30, a rate of 5.66% is applied, reveals ...

The Romanian prime minister suggested that the state will give up the partnership with a Chinese company, almost five years old, for the construction of reactors 3 and 4 from Cernavoda. “It is clear to me that it will not work with the Chinese (…) We will see with which partner (the reactors will be made). It is about partnering and financing,” said Prime Minister Ludovic Orban in an interview for HotNews.ro. Ludovic Orban said that all investments in ...